Engineering Post Report
Export of services in telecommunication, computer and information sectors from Pakistan crossed $ 2.61 billion during the fiscal year 2021-22 depicting 24 per cent growth on year to year basis.
According to the figures available from Pakistan Bureau of Statistics (PBS) in this regard, yearly export of telecommunication,, computer and information sectors services had increased by 15.30, 26.40 and 31 per cent respectively as compared to FY 2020-21.
Export of services in the field of computers for the first time had crossed the $ 2 billion mark in FY 2021-22 as Pakistan had earned $ 2,106.16 million which was 26.40 per cent higher that $ 1,666.31 million export of the preceding year.
The volume of export of software consultancy also rose to $ 795.48 million showing an appreciable increase of 43.3 per cent over $ 554.612 million while export and import of computer software fetched $ 563.07 million for the country in FY 2021-22 depicting a 34.8 per cent increase as compared to $ 417.485 million in FY 2020-21.
Besides, a significant increase of as much as 429. 58 per cent was also observed in hardware consultancy services which reached to $ 2918 million against the previous year’s nominal export of only $ 551 thousand while services relating to maintenance and repairs of computers brought $ 1.45 million in the country which was 118.43 per cent higher than the previous year.
A 7.25 per cent increase wa also recorded in the export of other computer services during the period under report and its volume had reached $ 743.23 million from $ 693 million/
Export of telecommunication sub-sectors services in FY 2021-22 with 15.31 per cent growth amounted to $ 504.44 million\n while its export volume in the previous year was recorded at $ 437.5 million.
On the basis of this quite encouraging and appreciable performance of IT and telecommunication sector, the experts on being contacted opened that the world at large had admitted the people of Pakistan are the heart and souls of innovations. Pakistan now has more enterprising youth than it ever hand and it can easily be predicted that it will continue to show increase until at least till 2050. The youth indeed have the power to transform a country’s future. The country’s digital potential is immense in terms of talents and cost competitiveness.